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Backing up a bit.. Dubai property scandal claim emerges amid media blackout - Middle East, World - The Independent "And of course, all local media gagged.." The story behind that news clip has been running since original 2004 launch of the projects, original Nakheel investors are...

More interesting reads Following on... These caught my eye as they show the government thinking on the property market. 1st - Property slowdown 'exaggerated' - UAE bank governor - Politics & Economics - ArabianBusiness.com Then.. Transport, healthcare key to Dubai's future -...

These are only my personal opinions so don't take them as Dubai bashing, but so far it seems that you and the powers that be are just clutching at straws (or should I say looking for green shoots) and fiddling while Rome burns. The press bashing of Dubai is the absolute least of the problems...

???? Devaya, I love the positive thinking, but where do you figure that 2 to 1 is going to come from if the people already here are on reduced salaries or not being paid at all?? Gov companies are not paying contractors, contractors can't pay suppliers, suppliers can't pay staff = equals...

The DLD is on the way to help off plan investors by canceling projects. Read here.. http://www.business24-7.ae/articles/2009/5/pages/10052009/05112009_5e8b03fd6e83438b88a21f5303644764.aspx Just wish they'd say 'which projects' are being canceled. It is a very confusing article but at...

Don't get too optimistic there, it's not an over night visa change - it's 1 month out of country!! How will that work if you've got kids in school?? Ohh I forgot - you can't sent the kids to school because they're not residence. Do you know if the banks will allow you to operate an account...

I'm with you there Carl, Instead of stimulation the housing market, this proposed law will depress it further, it just highlights the current thinking from the top that all is OK out there and 'everyone will come to the UAE' regardless of the conditions imposed. This law has AD's hands all over...

An interesting read on UAE real estate, that may well explain the current situation of so few end user buyers... UAE real estate 'up to 50% dearer than Europe' - Real Estate - ArabianBusiness.com

I have an 11 year old LLC co. in Dubai - if you want advise on how to get started email me on [email protected]. I'll be happy to advise.

There visa issue is a federal mater - therefore not up to Dubai rulers, I think they would have done it long ago if it were. Abu Dhabi will not allow this measure even if Dubai has to suffer a big time downturn in the housing market. Too much self interest and politics for the obvious solution...

Your forgot point (5),or should it be point (1) provide proper residency so people can live here as opposed to work here. When people LIVE in a country they WILL buy property as it's in there long term interest to do so. Right now the protection against residency is 100% opposite to the the...

Time for all developers to follow this route: Developer slashes property prices by up to 30% - Real Estate - ArabianBusiness.com

Self infected pain If you take a look at the realities on the ground, this market was never ever meant to happen, I refuse to blame the global credit crunch when 60% of the Dubai population was not in a position to buy even at 2002 prices and had zero incentive to even try to get on the...

It's sad that after advise to investors of choosing your developer wisely, you've found some of the best and the worst of the developer community, yet still ended up with the same results! Emaar, Nakheel etc. are not even covered by the Escow account laws & you stand zero chance against them in...

Gentlemen, Is this the petition that you've submitted? RERA chief denies petition from worried investors - Real Estate - ArabianBusiness.com

You really meed to do your research into ACI, lots of news stories out there on this case. This was posted by another member Dubai7Stars: ACI

Sorry to say guys, but take the above, remove 'USA' and insert 'Dubai' and you get the same story! Unbridled greed , minimal oversight and lack of political will in "Dubai" brought this about and there are no quick fixes... USA has 'Toxic debt' bought on by mortgages handed out to people...

I would suggest that you keep your money in your pocket at least until the summer - keep reading much more of this forum and go into the histories, as right now you are too green to be jumping in and the agents will eat you alive just from the questions you asked!

Now you should understand how the prices have reached these heights... Developer / agents / crooks have had xmas every day for years in Dubai, the land where dreams come true, now lets see who will pay for all those presents?

The labour office cannot manage the numbers of visa cancellation. Gulfnews: Ministry to start electronic labour card cancellation The bad news just keeps coming!